In process costing, the volume of production for a period is likely to be much greater than

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In process costing, the volume of production for a period is likely to be much greater than the volume in inventory at any given point in time. This feature means that the value of inventory is a small fraction of the value of output. How does this feature help firms justify the use of the weighted average method for process costing?

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Managerial accounting

ISBN: 978-0471467854

1st edition

Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin

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